Business
Interim Results for the Six Months Ended 31 M...
Oscillate PLC (AQSE: MUSH) released its interim results for the six months ended 31 May 2025, reporting a loss of £191,468, a decrease from the £302,784 loss in the same period of 2024. The improved loss is attributed to more profitable investment revaluations, offset by increased director, consultant, and professional fees. Administrative costs rose to £201,660 from £74,461. The company's cash position on 31 May 2025 was £1,153,299, up from £1,060,311 on 31 May 2024. Significant increases in intercompany debtors reflect project funding in Minnesota and Côte d’Ivoire. Post-period events include ongoing soil sampling and geophysical surveys in Côte d’Ivoire and the signing of non-binding Heads of Terms to acquire prospecting licences in Botswana. The interim results are unaudited. The loss per share was £0.0004 (2024: £0.0028). Key financial figures are shown below: | Metric | 31 May 2025 (Unaudited) | 31 May 2024 (Unaudited) | |-----------------------------|-------------------------|-------------------------| | Loss for the period | (£191,468) | (£302,784) | | Administrative Expenses | (£201,660) | (£74,461) | | Cash and Cash Equivalents | £1,153,299 | £1,060,311 | | Loss per sh...
About this update from Oscillate Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n22 August 2025Oscillate PLC(“Oscillate” or the “Company\")Interim Results for the Six Months Ended 31 May 2025I am pleased to present the interim results for Oscillate plc (AQSE: MUSH) for the six-month period ended 31 May 2025.Director’s Statement During the period the Company made a loss of £191,468 compared with a loss of £302,784 for the same period last year. The loss is mainly due to directors, consultants and professional fees since becoming more active with projects. However, the year-on-year reduction in loss is due to more profitable revaluations on the Company’s investments. The Company’s administrative costs were £201,660 compared to £74,461 for the comparable period. As at 31 May 2025, the Company’s cash position was £1,153,299 (31 May 2024: £1,060,311).Significant movement in intercompany debtors is due to funding projects in Minnesota and Cote d’Ivoire. The project expenditure has been accounted for in intercompany debtors, with the Company looking to recoup these expenses once the projects start receiving income.Some of the most important developments for the Company took place after the balance sheet date: On 3 June 2025, the Company announced that soil sampling and geophysical surveys at the Duekoué site in Cote d’Ivoire are ongoing. The initial programme has identified several high-priority targets for follow-up sampling and trenching. Site access and logistics remain on schedule. On 2 July 2025, the Company confirmed completion of its initial fieldwork at Duekoué. activities, including mapping, sampling and trenching, have now concluded, leaving several anomalous zones to be analysed in the lab and assessed for future drill planning. On 9 July 2025, the Company announced the signature of non-binding Heads of Terms with Kalahari Copper Limited to acquire, a BVI company which holds via its wholly owned Botswanan subsidiary, prospecting licences over Dalsu Prospects in Botswana. The Dalsu licences incorporates 17, 100% owned, highly prospective licences (which have been granted or which have been applied to be transferred to Kalahari Copper) in the Kalahari Copper Belt (\"KCB\") and the Bushman Lineament. The Board of the Company continues to work to source good investments at an attractive price and hopes to be able to update the market presently. These interim results have not been audited or...